BRP Inc. (NASDAQ:DOOO) Given Average Rating of “Moderate Buy” by Analysts

BRP Inc. (NASDAQ:DOOO) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $94.75.

Separately, UBS Group reiterated a “neutral” rating on shares of BRP in a research note on Thursday, April 9th.

BRP Stock Down 1.4%

Shares of DOOO stock opened at $57.77 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 156.14 and a beta of 1.26. BRP has a 52 week low of $32.54 and a 52 week high of $78.07. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31. The company’s fifty day simple moving average is $61.52 and its two-hundred day simple moving average is $68.97.

Institutional Trading of BRP

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in BRP by 1,057.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock worth $66,000 after purchasing an additional 994 shares in the last quarter. PharVision Advisers LLC purchased a new stake in BRP in the 3rd quarter worth $455,000. Virtus Advisers LLC purchased a new stake in shares of BRP during the 3rd quarter valued at about $114,000. Quarry LP purchased a new stake in shares of BRP during the 3rd quarter valued at about $74,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of BRP by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,826 shares of the company’s stock valued at $1,145,000 after buying an additional 3,520 shares in the last quarter.

BRP Company Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.